Brandywine Global Investment Management LLC Boosts Stake in Triton International Ltd (TRTN)
Brandywine Global Investment Management LLC lifted its holdings in Triton International Ltd (NYSE:TRTN) by 17.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,350 shares of the company’s stock after buying an additional 39,840 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.34% of Triton International worth $8,525,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. lifted its stake in shares of Triton International by 114.8% in the fourth quarter. Meeder Asset Management Inc. now owns 797 shares of the company’s stock worth $25,000 after buying an additional 426 shares in the last quarter. IMS Capital Management purchased a new position in shares of Triton International in the third quarter worth about $44,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Triton International in the fourth quarter worth about $76,000. Bank of Montreal Can lifted its stake in shares of Triton International by 15.0% in the fourth quarter. Bank of Montreal Can now owns 3,174 shares of the company’s stock worth $99,000 after buying an additional 414 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Triton International by 8.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,468 shares of the company’s stock worth $140,000 after buying an additional 358 shares in the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TRTN stock opened at $31.17 on Thursday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 3.24. Triton International Ltd has a 12 month low of $28.20 and a 12 month high of $39.56. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 0.66 and a beta of 2.37.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Tuesday, March 12th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend is Monday, March 11th. Triton International’s dividend payout ratio (DPR) is presently 46.02%.
Several equities analysts have recently weighed in on TRTN shares. Zacks Investment Research downgraded shares of Triton International from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research note on Monday, December 31st. ValuEngine downgraded shares of Triton International from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Finally, Bank of America downgraded shares of Triton International from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $35.00 to $32.00 in a research note on Monday, February 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Triton International presently has an average rating of “Hold” and an average target price of $35.75.
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Triton International Company Profile
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services.
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